Chief Financial Officer

Overview

Job Description

Position Summary:

At NRECA, we power progress. As the national trade association representing over 900 consumer-owned electric cooperatives, we shape the future of energy and serve our members with a collaborative and inclusive culture and a commitment to innovation and service excellence. We recognize a culture that values ideas, impact, and opportunities for career growth. We seek a strategic leader to serve as a collaborative member of the senior leadership team and to lead the continued transformation of NRECA’s finance function.

The leader will support a strong culture and high-performing team that engages across the enterprise, leveraging knowledge from across professional experience to support organizational decision-making. NRECA’s financial function supports the association, its subsidiaries and affiliated entities, three multi-employer pension and welfare plans, and the Homestead Mutual Funds. This executive manages a team of 64 across the NRECA Finance and Accounting Department and stewardship of NRECA’s $290 million budget.

• Lead the development and execution of strategic planning efforts to enhance NRECA’s ability to deliver on its mission and goals by optimizing the financial position.
• Direct the finance department to engage across the enterprise, aligning capabilities and capacity to optimize departmental performance.
• Drive technological innovation in a complex, highly regulated service environment.
• Ensure strong financial functions including internal controls, planning, forecasting and analysis, balance sheet and cash flow management, audit, and taxes.
• Oversee Strategic, Sourcing and Procurement (SS&P) strategies and operations to support all NRECA business operations.
• Lead a data-driven budgeting and financial forecasting process to support organization-wide decision making and strategic planning.
• Ensure accounting policies, procedures, and internal controls reflect high standards of integrity, transparency, and compliance.
• Oversee cash management and treasury functions.
• Collaborate on leasing of NRECA buildings to maximize long-term leasing and minimize vacancy risks.
• Oversee optimization and integration of Workday ERP accounting and budgeting, with enhancements to improve efficiencies and automation.
• Stay informed on new accounting concepts, SEC rules, GAAP, tax laws, and NRECA policies to ensure compliance.

• Formal
  
  Education Required:
  
  Bachelor’s degree in Accounting, Finance or related field. Master’s degree preferred; additional training in finance-related information systems and procedures is a plus.
• Experience and Certifications
  
  Required:
  
  10+ years of progressively senior management experience in finance and accounting. Broad finance background with strength in accounting and FP&A. Prior public accounting experience and nonprofit, government contracting, and ERISA experience are a plus.
• Strategic Thinking & Financial Strategy:
  Develop and lead a finance strategy that drives transformation; partner with the CEO, senior leadership, and boards; analyze data to support decisions and create strategic alignment; foster innovation.
• People Leadership:
  Attract, recruit, motivate and develop talent; align resources, processes, and technology; drive continuous improvement.
• Relationships and Influence:
  Build strong relationships, translate complex financial information into practical guidance, exercise judgement and diplomacy, and create a sense of purpose for the team.
• Executing for Results:
  Set clear goals, drive results, develop implementation plans, and strengthen finance systems and organizational design.

• Compensation:
  Salary Range $500,000 – $615,000 annual plus a 20% incentive opportunity. Final compensation determined by qualifications, experience, and internal equity.
• Need for contact: NRECA has engaged Russell Reynolds to assist in the search. Interested and qualified candidates may email
• EEO and Compliance:
  All qualified applicants will receive consideration without regard to race, color, sex, religion, national origin, disability, veteran status, or other legally protected status. E-Verify participation as a Federal Contractor. Pay transparency and non-discrimination policies apply.
• About NRECA:
  The National Rural Electric Cooperative Association represents over 900 consumer-owned electric cooperatives serving more than 42 million people.